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Author Question: Industry concentration measures the extent to which A) products are differentiated by the firms ... (Read 349 times)

madam-professor

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on: Jun 29, 2018
Industry concentration measures the extent to which
 
  A) products are differentiated by the firms in the industry.
  B) the market is dominated by a small number of firms.
  C) the industry executives concentrate on their product.
  D) consumers are geographically concentrated.

Question 2

The figure above shows a firm in a perfectly competitive market. If the price rises from P3 to P4 then output will increase by
 
  A) 0 units.
  B) 1 unit.
  C) 2 units.
  D) 3 units.


blazinlyss

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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